宗氏家族“信托案”管辖权为何在杭州？“烂尾”信托认定面临几大挑战？

Core Viewpoint - The recent court ruling in Hong Kong regarding the Wang family trust dispute reveals significant details about the offshore family trust conflicts, indicating that the main jurisdiction for the case is in Hangzhou, China, rather than Hong Kong [1][3][4] Group 1: Legal Proceedings - The plaintiffs, descendants of Du Jianying, are suing the sole daughter of Zong Qinghou, with Jian Hao Ventures Limited as a secondary defendant [1] - The Hong Kong High Court's ruling is procedural, aimed at assisting the ongoing substantive trust case in Hangzhou, not a final judgment on asset ownership [1][4] - The plaintiffs filed their case in July at the Zhejiang High People's Court, with jurisdiction established in Hangzhou due to the agreement signed by the parties involved [3][4] Group 2: Trust Establishment and Disputes - Zong Qinghou expressed intentions to establish trusts for his three children, but the trust was not formally established before his death [7][12] - The trust's establishment is complicated by the lack of complete documentation and significant disagreements over the trust assets and trustee authority [10][13] - The Hong Kong court did not make determinations on the substantive issues of the trust, leaving these matters for the mainland courts to resolve [11] Group 3: Financial Implications - The case involves substantial financial stakes, with the assets in Jian Hao Ventures Limited amounting to approximately $17.99 billion [6] - The Zhejiang High People's Court has jurisdiction over cases with significant monetary disputes, particularly those exceeding RMB 300 million [6] Group 4: Future Considerations - The plaintiffs face challenges in establishing the trust, including defining trust assets and proving familial relationships [15] - The ongoing legal proceedings may lead to further disclosures and clarifications regarding the trust's legitimacy and the distribution of Zong Qinghou's assets [14][15]